Ascending triangle pattern in CADJPY, SHORT TERM SELL

5 בספט׳ 2019

Ascending triangle pattern can be seen in the daily chart of CADJPY pair, the pattern illustrates the highs are taking place at constant price whereas the lows are forming constantly higher than the previous. The pair touched its resistance but wasn't able to breach it which brings in a short term sell opportunity in the pair. The TP for the pair is set at 79.788 and SL at 81.118.